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ROMESH SOBTI
Delhivery elevates six executives to C-suite roles amid expansion pushLogistics firm Delhivery has promoted six senior executives to C-suite positions. These appointments support the company's expansion across...- Delhivery January-March operating revenue jumps 30%; net profit flat at Rs 72 croreDelhivery's operating revenue surged 30% in the January-March quarter. The express parcel business saw a significant volume increase. Howev...
- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- Adani Green Energy board appoints Romesh Sobti as an additional directorSobti is the former Managing Director & CEO of IndusInd Bank (tenure from 1 February 2008 till 23 March 2020). He is a career banker with 4...
- IndusInd's Ramesh Sobti likely to join Aditya Birla Capital's board, pending RBI approvalSobti’s induction which is subject to the Reserve Bank of India’s (RBI) approval, comes after some prominent investors had expressed concer...
- IndusInd Bank shares tank 30% as Romesh Sobti retires as MD & CEOSumant Kathpalia will take over the reins from the veteran banker.
- Sobti to have advisory role at IndusInd BankIn January, after announcing the bank’s third quarter results, his last as CEO, Sobti had said that he would continue to be associated with...
- IndusInd Bank names Sumant Kathpalia as CEOBased in New Delhi at present, Kathpalia used to head the consumer loans vertical at ABN Amro Bank, and had joined with Sobti and others wh...
- This fiscal IndusInd Bank has finalised potential successor to SobtiThe bank board’s nomination and remuneration committee met on October 30 and finalised the name.
- Provisions made in quarters after DeMo seeing recoveries: Romesh SobtiWe are on track to complete Bharat Financial merger by July this year, says Sobti
- There is no discordance among the bank shareholders: Romesh Sobti, MD & CEO, IndusInd Bank"For Bharat Financial it means you become a bank overnight once the deal is done and the whole asset books provide a margin", said Romesh S...
- 25-30% growth banking business remain our core focus: Romesh Sobti, IndusInd Bank"Banking space itself gives you a very wide room for growth and this market is expanding very rapidly in spite of the competition," Sobti s...
- Cost lines well under control; expect asset quality to remain stable: Romesh Sobti, IndusIndIndiaInd Bank is looking at the next few quarters with much more optimism compared to the previous few quarters, says Romesh Sobti.
- Steady rise in margins likely; looking to double branch network in 3 years: Romesh Sobti, IndusInd Bank"A lot of our new branches will go into rural areas where the cost-to-income ratio is relatively higher, because business models are yet to...
- Expect credit growth to be in 25-30% range for FY16: Romesh Sobti, IndusInd Bank"We came in with almost 30% growth and there is a very clear linearity between fee growth and especially on the retail side and our branch ...
- RBI says 70 years upper age for private bank CEOs, MDs and whole-time directorsHowever, banks are free to prescribe a lower retirement age for their chief executive officers and whole-time directors, the RBI said.
- Looking for stability in NIMs over next two quarters: Romesh Sobti, IndusInd Bank"Going forward, we expect NIMs to remain in the same range, till we see a further reduction in the cost of deposits, which also depends upo...
- My successor could well be an insider: Romesh Sobti, Indusind BankIndustry is overleveraged. Debt has piled up. I think those who have created monetisable assets out of the debt will go through this rough ...
- See better growth prospects for next 12 months: Romesh Sobti, IndusInd Bank"The fundamentals of our businesses are still pretty robust, whether it is interest income or fee income."
- Q3 to witness increase in lending rates: Romesh Sobti, IndusInd Bank"I would imagine that in Q3 also, there would be an increase in lending costs, even if RBI pauses and does not increase," said Romesh Sobti.
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